Green Finance
EU “green” funds invest millions in expanding coal giants in China, India
Climate Home found leading asset managers hold shares in coal firms within funds touting sustainable credentials
The subtle art of scaling up climate adaptation
Climate funds are the early adopters of a different way of doing finance. One which prioritises the climate, communities and the natural world.
‘Kunming-Montreal’ deal sets up new fund for biodiversity by 2023
Countries committed to mobilise $200 billion “from all sources” to protect 30% of the world’s land and water ecosystems by 2030
Climate change threat demands reform to financial system – UNEP
NEWS: ‘Stress tests’ for international finance from rising climate impacts, as UN report calls for banking cultural shift
Green funds must scale up to match $5trn oil sector – report
NEWS: Large-scale divestment from fossil fuels remains a challenge, say Bloomberg analysts, with a lack of clean alternatives
Morocco hailed as climate ‘poster child’ after oil subsidy axe
NEWS: Government move to stop funding cheap petrol and diesel hailed as major progress by World Bank’s Rachel Kyte
Most vulnerable nations urged not to sign weak climate deal
COP18: NGO community rallies round poorest countries urging them not to sign up to a watered down deal at the UN climate talks in Doha.
WWF: Shipping emissions tax worth $10bn a year to the Green Climate Fund
Talks through the IMO make solid progress towards compromise following 15 years of discussions to tackle CO2 emissions from shipping.
Comment: Stakes too high for foul play inside the Green Climate Fund
Allegations of financial incentives offered ahead of recent vote on GCF’s location highlight fund’s vulnerability to corruption. With the climate stakes so high, Alice Harrison says there is no scope for sleaze
Green Climate Fund prepares to name host city but meeting dogged by civil society shut-out
Second meeting of the Fund’s board will vote on Saturday but ‘dangerous precedent’ being set as NGO access and input is severely limited.
UN biodiversity talks heading to tense final day
CBD COP11: Finance negotiations at the UN biodiversity summit in Hyderabad are in deadlock with under 24 hours till its scheduled end.
Bangkok 2012 – NGOs warn of climate finance complacency
The Green Climate Fund board may have met for the first time but there remain far too many unanswered questions on raising and spending cash to combat climate change.
Paying for climate change: Visible urgency on final day of UNFCCC finance talks
Candid comments and calls to slash red tape suggest increased urgency at the UN climate finance workshop’s final session.
Where will the money come from to pay for climate change? Lessons from Day two of UNFCCC finance workshop
Discussions in Bonn turned to identifying specific sources of funding and how they might be able to turned into action on the ground, but old disputes meant there was no clear winner.
Who pays for climate change: What we learnt after day one of the UNFCCC finance workshop
Updates from the first day of the UN workshop on climate finance as diplomats and NGOs gather to discuss how to raise and distribute the billions of dollars required to prepare for, and limit the impacts of climate change.
Profit not image driving cleantech boom as business tackles climate change
Cutting costs and carbon emissions more important drivers than public image and branding, according to new study by advisory group Grant Thornton.
Developing countries look for fairer sustainable development funding
BRICS group, which includes India and China, begins work on development bank exclusively for emerging economies to counter perceived Western bias among existing organisations.
Davos 2012: What have we learnt?
Six key climate change messages to take away from the World Economic Forum summit.
Former UNFCCC chief: Private sector investment essential for climate fight
Yvo de Boer says absence of private money will leave fight against climate change “in big trouble”.
Japan and US block Green Climate Fund progress
Disagreements over use of money from big business and so-called Robin Hood taxes blot positive session.